Sealed Air Corporation (SEE) Receives Average Rating of “Hold” from Analysts
Shares of Sealed Air Corporation (NYSE:SEE) have earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $48.00.
A number of equities research analysts have recently issued reports on SEE shares. BidaskClub raised shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Robert W. Baird reiterated a “buy” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a research report on Friday, September 1st. SunTrust Banks, Inc. set a $48.00 price target on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research note on Sunday, September 10th. Bank of America Corporation raised shares of Sealed Air Corporation from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, September 21st. Finally, Barclays PLC restated an “equal weight” rating and set a $45.00 price target on shares of Sealed Air Corporation in a research report on Tuesday, September 19th.
Shares of Sealed Air Corporation (SEE) traded up 0.537% during midday trading on Wednesday, reaching $43.975. 893,497 shares of the company traded hands. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62. The firm has a market capitalization of $8.36 billion, a PE ratio of 22.726 and a beta of 1.17. The stock has a 50 day moving average price of $43.73 and a 200 day moving average price of $44.22.
Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. Analysts expect that Sealed Air Corporation will post $1.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.46%. Sealed Air Corporation’s dividend payout ratio (DPR) is 33.16%.
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In other news, Director Lawrence R. Codey sold 3,500 shares of Sealed Air Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the sale, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.05% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Fiduciary Trust Co. acquired a new stake in Sealed Air Corporation during the second quarter worth $124,000. Global X Management Co. LLC raised its position in Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 687 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Sealed Air Corporation by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 116 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Sealed Air Corporation in the 1st quarter valued at $196,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Sealed Air Corporation in the 2nd quarter valued at $201,000. Institutional investors own 92.12% of the company’s stock.
Sealed Air Corporation Company Profile
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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